first_imgThe Minister for Agriculture, Food and the Marine, Simon Coveney has announced that €9,425,313.69 will be issued in Donegal under the 2015 Areas of Natural Constraints Scheme.The Department of Agriculture have started to issue €117 million in payments nationally and €9,425,313.69 here in Donegal under the 2015 Areas of Natural Constraints Scheme.The grants have been welcomed by local Deputy Dinny McGinley. He said “These payments will provide a financial boost for the 4,410 farmers in Donegal who have been approved to receive this payment.“The Minister also confirmed that payments will continue to issue as individual farmers’ cases are confirmed eligible for payment.“It is also expected that 70% of the Basic Payment Scheme will be paid from 16th October with balancing payments issuing from 1st December. It is essential that we continue to support farmers in every way we can during the current challenging times.“Fine Gael’s top priority is to secure the economic recovery. We have a clear plan to build a strong economy generating the resources to invest in the services that people depend on and part of this plan includes driving the agri-food sector forward.“ ALMOST €10M FOR DONEGAL FARMERS IN NATURAL CONSTRAINTS SCHEME was last modified: September 22nd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalfarmersNatural Constraints Schemelast_img read more

Innovation agency board appointed

first_img10 July 2009 The board of South Africa’s Technology Innovation Agency, a new public body to stimulate the development of technology-based products and services in the country, has been appointed. Announcing the members of the board in Johannesburg this week, Science and Technology Minister Naledi Pandor said the agency would use South Africa’s science and technology base to develop new industries, create sustainable jobs, and help move the country from a commodity-based to a knowledge-based economy. The agency will eventually incorporate the existing Innovation Fund, Biotechnology Regional Innovation Centres (BRICs), and Tshumisano Trust, a Department of Science and Technology agency that provides support for Technology Stations based at the country’s universities of technology. It will also build on capacity that exists in the department’s Council for Scientific and Industrial Research, Advanced Manufacturing Technology Strategy implementation unit, and Advanced Minerals Initiative. Dr Ramphele Mamphele, former vice-chancellor of the University of Cape Town and former managing director of the World Bank, will be the agency’s chairperson. Board members include Peotona chairperson Cheryl Carolus; SA Veterinary Council member Dr Steven Cornelius; Cape Biotechnology Trust board chairperson Prof Susan Harrison; SA Society of Biochemistry and Molecular Biology president Nhlanhla Msomi; and legal expert Alan Lax. Other members include CKS investments Unisys Africa director Dr Patrick Ngwenya; South Africa Bioproducts chairperson Ross Norton; Altech CEO Craig Venter; and Helen Brow, senior project manager at the Manufacturing, Engineering and Related Sector Education Training Authority. R720-million has been allocated to the Technology Innovation Agency for 2009/2010. Source: BuaNewslast_img read more

Crops looking average with pockets of damage

first_imgShare Facebook Twitter Google + LinkedIn Pinterest It appears the market is just waiting for the updated USDA corn yield estimate on 8/10/17. Once published, the market will debate why it’s incorrect. Generally the market is trading corn based upon a national yield assumption of around 165-166. With a surprise below 165, $4 corn is a possibility again. An estimate above 166, and $4 is unlikely until a future report shows significant decreased yield.In the past two weeks I have travelled 1,500 miles around the Corn Belt.Crop conditions — Southeast Nebraska to MinneapolisFollowing highlights some observations during my drive from Beatrice, Neb. to Minneapolis, Minn.Beatrice — Our farm’s dryland fields missed some needed rain the past few weeks. While fields with less drought-tolerant seed indicate some significant yield drag, fields with drought-tolerant seed are showing average yields. Irrigated fields are still producing well.Council Bluffs, Iowa — The crops looked good. There were very few signs of any significant stress.When I drove East to Des Moines, along I-80, I noticed some signs of stress. Bad soil had more damaged corn. Good soil showed fair corn crops. Generally speaking, fields weren’t as green this year compared to the same time last year.Des Moines to Minneapolis — My drive concluded with a run north from along I-35. The crop conditions improved mile by mile from Ames.Beans along this route looked good. I didn’t see any areas of concern. If adequate moisture continues for the next seven days, I would expect average yields.Crop conditions – Southern Indiana and western Ohio I also travelled extensively throughout the southern half of Indiana this week giving marketing presentations to farmers. Following are some observations:South of I-70 from Washington, Ind. to Indianapolis, IN – Corn looked mostly good, with occasional water damage. Beans looked amazing. I’ve never seen beans so tall. Several farmers mentioned they were worried the bean plants were wasting too much energy on plant growth at the expense of reproduction.North of I-70 along the IN/OH border I began to notice damage from excessive water. Some fields had apparent drainage issues and it was clear where the tile lines ran. I had previously heard about bad corn crop condition for this area, but in my opinion, fields weren’t as bad as I expected. Beans on the other hand didn’t look as good. I would estimate 15% of fields had extensive damage in this area.Wapakoneta, Ohio to Cincinnati (I-75) — This area looked normal for corn and beans.Cincinnati to Indianapolis (I-74) – This area also looked great for both crops.I would summarize crop conditions throughout the areas I travelled this past week to be mostly average with pockets of damage. Current corn and bean positionsConsidering the number of trades I do, it’s important to pull all my numbers together occasionally to be sure my marketing plan is pacing well and I’m meeting operation profit goals. I break out my positions by each section of my marketing plan because they all work independently of each other. I want to make sure I’m maximizing my profit potential in every category:How much have I sold for each crop yearCBOT average priceMarket carry premiumAny premium or losses from options tradesBasis (for corn picked up at the bins on my farm in Beatrice, Neb.)Cash Price is the sum of every part of my marketing programPOSITION – CORN201620172018Corn Sold – Futures98%15-40%25%CBOT Price Average$3.94$4.00 – $4.20$4.18Market Carry$0.23$.24 est$.24 estOptions & spread profits$0.26unknownn/aFinal hedge price$4.43$4.24 – $4.44 est$4.42 est    Basis on Farm (Beatrice, NE)($0.46)$-.30 est$-.30 estFinal Cash Price on my Farm$3.97$3.94 – $4.14 est$4.12 est Corn notes:2016 — I’m nearly done pricing my corn with futures. I only need to set basis and deliver on another 33% of the grain, which is sitting in my bins on the farm. I’m now waiting for a good basis opportunity.2016 basis for my farm has ranged from -.40 picked up to as low as -.60 this year. In years past this has been 20 to 30 cents better than this year.2017 — My CBOT price average shows a range because my final price will vary depending on where futures are landing at on Thanksgiving. At that point, I’ll know which options positions were executed, leaving me with a sold position (or not).2017/2018 Basis — I don’t have any basis set for either crop year. The number shown is the average of my post-harvest basis prices for the last 10 years. POSITION – BEANS20162017Beans Sold – Futures100%100%CBOT Price$9.30$9.85Market Carry$0.47$.30 estFinal hedge price$9.77$10.15 est   Basis on Farm (Beatrice, NE)($.70) est($.40) estFinal Cash Price on my Farm$9.07 est$9.75 est Bean notes — 100% of my 2016 production is still stored, waiting for a basis opportunity. Basis levels near my farm haven’t been very good compared to previous years. Hopefully, we go back to more traditional values in the upcoming year. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]last_img read more

Ind vs Eng: Kapil slams Dhoni for bowling

first_imgIndia are missing Zaheer Khan dearly against England in the first Test at Lord’s.No wonder India skipper Mahendra Singh Dhoni was seen pulling off his gloves and taking the ball on the second day of the 100th Test between the two countries at the prestigious Lord’s cricket ground.It was during the session that the India skipper took to bowling when a few overs were left for the new ball to be taken. And Rahul Dravid was seen taking Dhoni’s place behind the wicket.The move was seen by many as a means of saving the Test and has surprised the former cricketers.Kapil Dev told Headlines Today that he was “surprised to see Dhoni bowl”. “Dhoni has made mockery of Test cricket by bowling (himself). This is not acceptable that on the second day of the Test match, you can’t do this,” Kapil added.Kapil who never minces words was also scathing about Zaheer Khan suffering from hamstring injury.”Zaheer is responsible for this. He has put the team in trouble. He should have known his fitness and tested his fitness levels before returning to test cricket,” he fumed.”It’s really tough to bowl 20 overs a day in Test cricket. Zaheer is responsible for this. He has killed the possibility of India winning this Test match,” he added. Zaheer suffered a hamstring strain in his right thigh on the first day of the Lord’s Test.However, former captain Sourav Ganguly favoured of Dhoni using himself as a bowler. He said, “Dhoni is playing with five bowlers. He made the most of his resources.”advertisementDhoni had to give rest to his regular bowlers and his bowling worked as breather for others and created chances as well, Sourav said.An odd decision it maybe but it certainly will go down the history as an interesting one as it featured during the 2000th Test in the history of cricket.last_img read more